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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #5529 Date: 02/19/2019 Commission Meeting Date: 02/28/2019 Requesting Department: Department of Real Estate and Asset Management Sponsored By: District Impacted: District 1 Type: Discussion Item Subject: Discussion - Status Update on Soccer Stadium Complex at Melreese Golf Course Purpose of Item: A Discussion Item of the Miami City Commission providing a status update and timeline for the lease between the City of Miami and Miami Freedom Park, LLC for the development of the soccer stadium complex at Melreese Golf Course. Background of Item: The City of Miami ("City") is the owner in fee simple of approximately one hundred thirty- one (131) acres of real property generally located at 1400 Northwest 37th avenue, Miami, Florida 33125, identified as folios 01-3132-000-0080 and 01-3132-000-0090, and commonly known as the Melreese Golf Course ("Site"). Miami Freedom Park, LLC ("MFP") desires to design and develop approximately seventy-three (73) acres of the Site for the purposes of constructing a professional soccer complex, Public Park, entertainment spaces, retail, and hotel and conference center with ancillary commercial uses ("Project"). On November 6, 2018, the City of Miami voters approved a charter amendment authorizing the City to negotiate and execute a 99-year lease with MFP for the development of the Project. On February 14, 2019, the City Commission requested an updated status report and timeline for the lease and development of the Project. Budget Impact Analysis Item has NO budget impact Item is NOT funded by Bonds Item is NOT Related to Revenue Total Fiscal Impact: N/A Reviewed B Real Estate and Asset Management Yvonne Hernandez Office of Management and Budget Christopher M Rose City Manager's Office Fernando Casamayor City Manager's Office Nikolas Pascual City Commission Nicole Ewan Department Head Review Budget Review Assistant City Manager Review City Manager Review Meeting Completed Completed Completed Completed Completed 02/19/2019 9:40 AM 02/19/2019 12:53 PM 02/19/2019 2:33 PM 02/19/2019 3:34 PM 02/28/2019 9:00 AM